Canadian Gold (CVE:CGC) Trading 8.3% Higher – Time to Buy?

Canadian Gold Corp. (CVE:CGC) shares shot up 8.3% on Monday . The company traded as high as C$0.20 and last traded at C$0.20. 221,012 shares were traded during trading, an increase of 556% from the average session volume of 33,714 shares. The stock had previously closed at C$0.18.

Canadian Gold Stock Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 6.37 and a quick ratio of 0.49. The stock’s 50-day moving average price is C$0.17 and its 200-day moving average price is C$0.17. The company has a market cap of C$37.07 million, a P/E ratio of -6.67 and a beta of 1.66.

Canadian Gold Company Profile

Canadian Gold Corp. engages in the exploration and development of mineral properties in Canada. Its principal project is the Tartan Lake gold mine project that consists of 20 mineral claims covering an area of approximately 2,670 hectares located northeast of the town of Flin Flon, Manitoba, Canada. The company was formerly known as Satori Resources Inc and changed its name to Canadian Gold Corp.